How are they forced to sell? They only have to sell 5% per quarter and they have the liquidity to fulfill this. As you know, Blue Owl sold a chunk of their loans at 99.7 of par. That’s a paltry discount and extremely far from a “steep”discount. It’s going to play out like the private REIT funds. Eventually redemptions will slow and the overhyped fear will dissipate. At least for the quality managers who have great underwriting skills. The narrative that is being told by the media is far from the facts for the top funds as of now. Understandably, there are a lot of unknowns about how SaaS stocks will perform going forward, but a lot of this is priced in.
https://t.co/i0BYq7la09.
What a fraud. Do not pay if you get a notification from them. Total BS. Car wasn’t in the area of the notice. Fake billing. Predatory company that will fail. Sad they are trying to scam people.